Canon (OTCMKTS:CAJPY) Issues Quarterly Earnings Results

Canon (OTCMKTS:CAJPY) announced its earnings results on Tuesday. The company reported $0.56 earnings per share (EPS) for the quarter, Zacks reports. Canon had a return on equity of 9.41% and a net margin of 7.36%.

Canon Trading Up 1.2%

Shares of Canon stock opened at $31.62 on Tuesday. The firm’s 50 day simple moving average is $29.34 and its two-hundred day simple moving average is $28.38. The firm has a market capitalization of $27.78 billion, a price-to-earnings ratio of 12.45 and a beta of 0.54. Canon has a 12-month low of $25.07 and a 12-month high of $32.34. The company has a current ratio of 1.46, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11.

Analysts Set New Price Targets

Separately, Zacks Research upgraded Canon from a “strong sell” rating to a “hold” rating in a research note on Friday, July 10th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

About Canon

Canon Inc is a Japan-based imaging and technology company that develops and sells products and solutions for consumers, businesses and professional users. Its offerings include digital cameras, interchangeable lenses, network cameras, inkjet and laser printers, scanners, projectors and related software and services.

The company also operates in medical and industrial technology. Its medical business provides diagnostic imaging systems, including computed tomography, magnetic resonance imaging, ultrasound and digital radiography equipment.